This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
Your email has been sent!
Gateway + King
2 Properties Offered at $6,350,000 in Seattle, WA
|Price||$6,350,000||Number of Properties||2|
|Price / SF||$608.94 / SF||Individually For Sale||0|
|Cap Rate||5.65%||Total Building Size||10,428 SF|
|Sale Type||Investment||Total Land Area||0.15 AC|
- In the Heart of Downtown Ballard
- Opportunity to Raise Rents to Market
- Provided Free and Clear of Debt
- Great Access From Leary Ave NW
- NNN Leases
Well located service-oriented retail tenants have outperformed traditional retail as they are insulated from E-commerce emergence. In addition, the office sector continues to gain strength around Seattle and Gateway + King's proximity to nearly 800 private paid parking spots satisfies the need for those who drive.
This is a tremendous opportunity to acquire a well-maintained asset with near-term upside in the heart of Ballard, one of Seattle's top destination neighborhoods for locals and tourists alike.
Taxes & Operating Expenses (Pro forma - 2021)
|Gross Rental Income||$374,782|
|Effective Gross Income||$475,989|
|Net Operating Income||$358,604|
King Street (Seattle) Station Commuter Rail (Sounder South Line)
|15 min drive||6.5 mi|
Kenmore Air Harbor Inc Airport
|28 min drive||12.0 mi|
Seattle-Tacoma International Airport
|35 min drive||18.0 mi|
The LoopNet service and information provided therein, while believed to be accurate, are provided "as is". LoopNet disclaims any and all representations, warranties, or guarantees of any kind.
This alert already exists
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.